Koch Industries exploring sale of Edged Infrastructure data center firm for over $15 billion

Koch Inc. is considering a sale of Edged, the data center developer it cofounded, in a transaction that could exceed $15 billion, according to Bloomberg. The company has engaged Goldman Sachs Group Inc. to assess buyer interest and has received multiple bids. Discussions remain ongoing and no final agreement has been reached.

Koch established Edged alongside entrepreneur Jakob Carnemark to develop, construct, and operate data centers using a waterless cooling system. The firm currently operates seven data centers, including a 169-megawatt facility in Atlanta, with additional projects in development.

Growing demand from major technology companies for computing power and capacity has accelerated data center construction worldwide, with large institutional investors increasing their involvement in funding these projects. BlackRock Inc. has partnered with Meta Platforms Inc. on a 1-gigawatt data center project in Texas requiring approximately $14 billion in development costs. KKR & Co. secured more than $10 billion to create a company focused on designing, building, and operating AI infrastructure. Blackstone Inc. filed for an initial public offering of a new data center acquisition vehicle earlier this year.